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- History Says Adobe Stock Comes Back From Deep Drops. It's Now 64% Below Its 2021 Record.
Adobe's stock closed at a record $688.37 on November 19, 2021, and now trades around $248, about 64% below that peak, after a June 25 closing low of $193.41. Since 1990 it has fallen at least 30% from a record close eight times and set a new record after each drop. The author argues the current slump differs from the 2002 and 2009 slumps, which came with shrinking revenue, since Adobe's revenue has not declined this time, and fiscal Q3 2026 revenue rose 13% to a record $6.76 billion. The main worry is that AI agents could reduce the number of per-user seats Adobe bills; its AI-first ARR passed $650 million, up more than 150%, but is still a small share of $27.5 billion in total ARR. At about 10 times management's targeted fiscal 2026 adjusted EPS, the stock compares with almost 19 times expected earnings for the S&P 500.
- Does The Move In CrowdStrike Stock Change Anything?
CrowdStrike shares returned 95.0% in the year to October 28, 2026, compared with 13.7% for the S&P 500. Most of the gain came from investors paying more for each dollar of sales, not from sales growth alone: the price-to-sales multiple rose from 28.2 at the end of September 2025 to 50.0 by the end of September 2026. Revenue for the twelve months to July 31, 2026 reached $5.40 billion, up 24.3%, and growth accelerated for four quarters running to 25.8% in fiscal Q2 2027. Twelve-month net income was $58.5 million, versus a $279 million loss a year earlier, but the reported operating margin remained at minus 2.2%, compared with 18.5% for the S&P 500. The article says the share price appears to assume a lasting operating profit and stresses that the reported operating margin is the figure to watch at the next report.
- Stock Market Today, Oct. 29: Marvell Falls on Lumentum Acquisition Talks
Marvell Technology (MRVL) shares fell 13.24% to $218.34 on Oct. 29, on trading volume of 40.4 million shares, about 87% above the three-month average of 21.6 million. The decline followed reports that Marvell is in advanced talks to acquire Lumentum Holdings, with investors weighing financing and integration risks. Sources say the deal could be an all-stock transaction and may be announced as early as next week, though no final agreement has been reached. The S&P 500 fell 0.31% to 7,720 and the Nasdaq Composite fell 1.38% to 26,185. At its Oct. 6 investor day, Marvell had raised its fiscal 2028 revenue outlook to $20 billion.
- Why Chipotle Stock Popped Today
Chipotle Mexican Grill (CMG) shares rose 8.88% after CEO Scott Boatwright said the plan to reinvigorate growth was working. Third-quarter revenue rose 9.6% year over year to $3.3 billion, with 84 company-owned openings and five international partner-operated locations bringing the total to more than 4,200 restaurants as of Sept. 30. Comparable restaurant sales grew 2.1%, and digital sales rose to 38.8% of food and beverage revenue from 36.7% a year earlier. Restaurant-level operating margin fell to 23.3% from 24.5% despite menu price increases to offset higher beef, freight and labor costs, while adjusted net income was $344.6 million, or $0.27 per share. For 2027, Chipotle plans 340 to 360 openings in the U.S. and Canada and 15 to 25 in other international markets.
- 'Workloads are moving': Amazon's Jassy says AWS still growing amid cloud move
During Amazon's third-quarter earnings call, CEO Andy Jassy said Amazon Web Services (AWS) is still growing as more companies move to the cloud. He noted that about 85% of global IT spending remains on-premises, and that over a 10 to 20 year cycle this balance will flip toward the cloud. Workloads long considered unlikely to move, such as mainframes and storage array networks, are now shifting, as AWS has built cloud substitutes and AI-driven migration tools. He said enterprises gain lower capital expenditure, reduced operating costs, faster innovation, better developer productivity and easier data access to leverage AI.
- Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
At least $5.57 billion has left Binance-linked wallets on Ethereum, Bitcoin and Tron on Thursday, according to an on-chain tally, and Binance says it is investigating and has not confirmed any impact on user funds. If confirmed as a hack, it would be the largest crypto theft on record. Tether froze 975.1 million USDT and Circle froze 823 million USDC in the main receiving wallet, about $1.8 billion in total. The funds came from hot wallets: $3.51 billion on Ethereum, $1.44 billion in 18,270 Bitcoin and $630 million on Tron. Bitcoin fell below $79,000, BNB dropped about 7% and Monero rose about 6%.
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